Although they may seem similar at first glance, the Crypto Transfer feature and the Deposit/Withdraw feature are two functionalities that use different technologies. Here are the differences:
Crypto Transfer
- The Crypto Transfer feature is conducted using the
network.
- It can only be sent to other
- The Crypto Transfer feature incurs no fees for both the Sender and the Receiver.
- Supported crypto assets are limited, with Nanobyte (
) currently being the only available option.
Deposit/Withdraw
- Transactions are conducted using blockchain networks such as Bitcoin, ERC20, BEP20, Polygon, and others.
- With this feature, you can send your crypto assets to crypto wallets (such as Metamask and Trust Wallet) or to other exchanges.
- Withdraw transactions incur fees, while deposit transactions are free.
- Supported assets can be viewed at the provided link.